STANLIB set to launch Africa funds

The $45bn Johannesburg based firm will open the Standard South Africa Equity fund and the Standard Africa Equity fund under UCITS III. The Standard South Africa fund will invest exclusively in the country, while Standard Africa will cover 20 markets across the continent – excluding South Africa. STANLIB says it is important to separate the South African market, as it represents over 70% of Africa’s entire stock market capitalisation. Standard global investment marketing director Dylan Evans says South Africa is often simply looked at for natural resources. “South Africa is often regard...